klse is a joke.... when you thought FA and TA are the main factors but some counters will just slap you right on the face and tell you, 'Think again'.

This post has been edited by exdtan: Apr 25 2019, 12:44 AM

Cant agree more. But keep in mind when you are used to paper trade (imagine more than 6 months, that is a long duration), it is not the same the moment you turn to real market. So there is pros and cons when you are talking about long term paper trading.

What you said on the first reply do make sense given the history of market trend always find its way to repeat itself over the course of years and even decades.

Second reply sounded a little too 'pessimistic' ? It is not critique, it is how it always has been. I do not mean that you should not start with paper trading first. What I meant was people can/may try paper trading for a period of time but not any longer than you need to get yourself prepared on the basics.

You can still test out the patterns of certain stock with your strategies with paper trading throughout this period while getting into real market. But really looking back at our history, do you think any of the successful trader/investors whose now all elders ever done paper trading ? Do you think they ever had technology/features like that in the past ? No, not really.

Now that paper trading is so conveniently practiced with a fees, do you see any improvement say more successful investor especially the young ones becoming millionaires like KYY?
You dont need paper trade if your goal is long term holding, anyone knows that you need to buy low and sell high but you can never always anticipate a lowest entry price unless you can read the future or you are the big shark. You only do demo accounts when you are day-trader/shorting all the time.

Can we agree that you were referring to people who do short-term ?

This post has been edited by exdtan: Apr 29 2019, 05:31 PM